Capital accumulation and embodied technological progress

DOI10.1007/S10957-012-0042-5MaRDI QIDQ1937085zbMATH OpenOpenAlexDBLPWikidataFDO

Authors Dieter Grass, Richard F. Hartl, Peter M. Kort

Publication date 11 February 2013

Published in Journal of Optimization Theory and Applications (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s10957-012-0042-5

zbMATH Keywords

capital accumulationmulti-stage maximum principleoptimal controltechnology adoption

Mathematics Subject Classification ID

Optimality conditions for problems involving ordinary differential equations (49K15) Numerical methods based on necessary conditions (49M05) Production theory, theory of the firm (91B38) Economic growth models (91B62)

Recommendations

• Product innovation with lumpy investment
• TECHNOLOGY ADOPTION UNDER EMBODIMENT: A TWO-STAGE OPTIMAL CONTROL APPROACH
• Capital accumulation under technological progress and learning: a vintage capital approach
• Technological advancement, learning, and the adoption of new technology.
• Innovations, improvements, and the optimal adoption of new technologies

Cites work

• Anticipation effects of technological progress on capital accumulation: a vintage capital approach
• Environmental quality versus economic performance: A dynamic game approach
• scientific article; zbMATH DE number 1734433 (Why is no real title available?)
• Necessary conditions for infinite-horizon discounted two-stage optimal control problems
• Optimal pattern of technology adoptions under embodiment: a multi-stage optimal control approach
• Optimal timing of regime switching in optimal growth models: a Sobolev space approach
• Optimal timing of technology adoption
• TECHNOLOGY ADOPTION UNDER EMBODIMENT: A TWO-STAGE OPTIMAL CONTROL APPROACH
• Two-stage optimal control problems with an explicit switch point dependence. Optimality criteria and an example of delivery lags and investment

Cited in

(14)

• The diffusion of a durable embodied capital innovation
• Zeno points in optimal control models with endogenous regime switching
• Barriers to capital accumulation in a model of technology adoption and schooling
• Optimal investment and location decisions of a firm in a flood risk area using impulse control theory
• An optimal time-management policy for labor supply and consumption decisions
• Product innovation with lumpy investment
• Anticipation effects of technological progress on capital accumulation: a vintage capital approach
• When can Itô be not optimal to adopt a new technology? a viability theory solution to a two-stage optimal control problem of new technology adoption
• Optimal pattern of technology adoptions under embodiment: a multi-stage optimal control approach
• TECHNOLOGY ADOPTION UNDER EMBODIMENT: A TWO-STAGE OPTIMAL CONTROL APPROACH
• The Accumulation of Wealth and the Cyclical Generation of New Technologies: A Search Theoretic Approach
• History-dependence in production-pollution-trade-off models: a multi-stage approach
• Analysis of optimal control problems for hybrid systems with one state variable
• Capital accumulation under technological progress and learning: a vintage capital approach

This page was built for publication: Capital accumulation and embodied technological progress

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1937085)